>> thanks for having me. cheryl: it is friday and it is job's report friday, that means it's jobs in america time with maria bartiromo, you have a great panel, good morning. maria: we do. we are talking about jabs and identifying where the jobs are. thank you so much, ladies, thank you so much for joining us, happy friday to you, it is friday october 6th, top stories 6:00 a.m. on the east coast right now. getting america back to work, we are awaiting the september job's report out this morning due out in two and a half hours, the economists are expecting 90,000 jobs added to the economy last night with unemployment rate holding steady at 4.4%. recent hurricanes expected to take a major toll on this report. this coming amid record run on wall street. another all-time high yesterday, the market is on fire. almost $5 trillion in market value gained since election day. in europe major averages look like this, take a look at the indices, the cac quarante is down a fraction and the dax

index is up a fraction. in asia overnight, japan and hong kong higher as you see there, the other markets still closed for a holiday, new details this morning about the man behind the deadliest mass shooting in history, stephen paddock's girlfriend divulge jing concerns about possible mental issues with stephen paddock as investigators reveal veg was was not the only city he considered for attacks. the latest of investigations as first victims lay to rest. lawmakers are questioning the need for so-called bump stock, the devices are sold-out, new questions surrounding the regulations coming up. did apple give uber permission to watch your screen. the troublesome report this morning on the access that the ride-sharing service may have been granted to your phone. plus, cam newton apologizing. >> during this whole process i've already lost sponsors and countless fans, i realized that

the joke is really on me and i've learned a valuable lesson from this. maria: wow, the star quarterback after sexist comments from a reporter, caused him a major sponsor, all the stories joining me dagen mcdowell back in town, and brian brendberg and staffing division president courtney. >> good morning, job's friday. maria: we love it. brian: what's going on in the economy? that's the question i always ask. >> where are the jobs at? dagen: i had the unfortunate occasion when i was driving around north carolina and virginia listening to other channels, when it's fox business network and fox network focuses

on what matters to americans, you have other networks that structure whole panel segments just to bash the president and just to throw the kind of standard talking points, it is so tone-deaf and heartless it just really blew me away. maria: they didn't like him in puerto rico, they didn't like him in las vegas, they didn't like anything that he did, it looked like he had a good trip in puerto rico and a good trip to visit with the victims' families in las vegas as horrendous as the trip might have been. dagen: i was listening to the news channel remembering the victims and telling the stories of the lives that they led and the other networks, it's just trump bash fest. you don't get any new news. brian: las vegas, puerto rico, we don't have time for political nonsense.

maria: we are talking north korea and iran. big developments in iran. wall street extending the winning streak, the dow, s&p and nasdaq all closing at all-tie highs, record highs, marking the longest winning streak in 20 years. this as wall street's fear, volatility index hitting lowest level ever. investors are turning attention to september job's report and expectations of 90,000 jobs added last month but holding steady. phil it is good to see you, thank you so much for joining us. >> thanks for having me back. maria: you think the momentum is still there to continue? >> we have seen nothing to come off the number. maria: backdrop is pretty good. we have a job's number that's going to get hit with hurricane damage w the effects of what we saw in texas, in florida, is that a temporary thing?

>> it's absolutely temporary thing. we have a an 85k estimate, most folks 85 to 90 neighborhood, half of where we were earlier in the year. to understand that, there are two key inputs in the model. adp numbers and claims numbers. down about 100k from prior month, the claims data before the storms was at a 40-year low, 230,000, that number spiked to about 300,000 right after the storms. we've now come back to 260,000 for the survey week of september. we are starting to improve but there will be a transitory impact in today's number. brian: how high does the number have to be to be considered a good number? what does a good number look like? >> if you look at the full range of wall street forecast, you have folks who are looking for

loss of jobs and some folks looking for gain over 100k. i think the 100k estimate is a good one. if we can add numbers that level , i think the street will be excited about the number. >> another thing we need to look at in the report is certainly wages, we spent a lot of time talking about that and didn't see wages move. we did see household incomes go up, what do you think about wages, what do you think it's going to happen? >> we want to see wages move up to 4% neighborhood as well. specifically with this month, we've got another phenomena in terms of people that might have been temporarily displaced, it's probably hourly workers as opposed to permanent workers. that may sort of change the mix such that folks that are actually employed, you may see the number perk up a little bit but because you lost the low-end

temporarily. dagen: do you really want to see 4% wages? i know that we want that for the american people but as stock investor, as bond investor, higher wage inflation could mean significantly higher long-term interest rates, 2 and a half percent in ten-year yield. that could potentially could throw cold water on rally. do you want wage growth versus say a more muted 2 and a half to 3%? >> that's a great question. it's all about timing and taste. we expect to see a 4% number but not until the 2018 earliest. it'll take another year and a half to get there. the fed would like to see the inflation. we are sitting here at 1.4% and yellen is pulling her hair out because she's saying it's a mystery. we at the fed we have no idea why inflation is as low as it is. we would love to see a little bit more inflation but work into

the markets, the economy, the bond market particularly at a slower pace not rapid pace. maria: this market will not quit. the president tweeting about it yesterday about this incredible gain in the markets. stock market hits an all-time he says, business endoesiasm at highest level in decades. how do you allocate capital, phil? we know dow, nasdaq and s&p hit all-time highs yesterday. we are talking about almost $5 trillion in market value. are there areas that have not gained or missed that maybe there's still value left here? >> we are still 5% overweight equities in overall allocation model. there have been two recent developments that are probably worth talking about. one is the rotation from growth stocks to value stocks. that started maybe about 5 or 6 weeks ago. financials, industrials, energy stocks are starting to catch a bid. those stocks dramatically

underperformed in the year. the second thing is with tax cut proposals as well as the recent strength in the dollar, small cap stocks are starting to catch a bid for the first time in a really long time as well. so what we are telling our clients new money should go into small cap and the value stocks. maria: okay. brian: how much does corporate tax cut make difference for valuations? i heard big things, 7 to 10% boost if this thing goes through. do you see that? >> absolutely. the question is timing, though. this may take longer than we thought. dagen: you think? [laughter] >> we would love to see it get drafted by the end of the year and maybe get passed by the end of the first quarter of next year. so we are thinking in terms of what might the 2019 full impact look like. so we've got 150-dollar estimate on s&p earnings for 2019 right now based on fundamentals. the leverage for every 1 percentage point decline if federal tax rate you can add

1.30 to earnings. if we can cut the taxes, federal level to 35% to 20 or 25%, that might add, you know, 10 or $15 to earnings. that 150-dollar number could look like 160 or 165 in 2019. maria: truly the earning story and tim pact. that's why the small cap stocks are getting the bid. huge positive from this if you're talking about a rate that goes from individual highest of 39.6 all the way down to 25% that's a big deal for small cap companies. phil, great to see you, phil orlando. be sure to stick with us for job's numbers in america. we have a great panel to identify where the jobs are and what the impact is to your money, that's coming up this morning. first, though, new orleans bracing for nate, deadly tropical storm hit central america and now the city

preparing for impact. a new report about the secret function that was going on even when you weren't using the ride-sharing app. incredible. back in a minute.

maria: welcome back, startling new details this morning about stephen paddock, the shooter. cheryl casone with the latest on the las vegas massacre. cheryl. cheryl: yeah, maria, good morning, paddock's girlfriend told fbi that paddock developed mental health symptoms and would scream at night, mown and scream, oh, my god. paddock booked rooms at blackstone hotel overlooking lalapaluza, the obama daughters attended, by the way, scouted sites in boston near fenway park as well. thousands of people turned out to honor charleston hartfield, off-duty las vegas police officer. hartfield was one of the 58 people killed. he was there with his wife. meanwhile wal-mart cubelo pull

bump stocks from store. new development as well. part of the device that was used in the gun that stephen paddock had used. all right, we are going to switch gears to the mayor of new orleans declaring state of energy, nate hurricane before it makes landfall somewhere along the gulf coast. expected to make landfall sunday. nate has killed more than 20 people in nicaragua and costa rica. bp and shell shutting production and withdrawing workers from their offshore platforms. well, antinuclear weapon's group is the winner of this year's nobel peace prize, abolish nuclear weapons takes the 1 million-dollar prize. the group made up of 100 nongovernmental organizations, more than 100 countries that try to push for global nuclear disarmament, maria. those are your headlines. maria: all right, cheryl, thank

you very much so much. president trump's iran strategy to protect american interest from we terrorism on path forwad on changing obama era. outrage over his comments to a female reporter, it might be too little too late for one of the sponsors, back in a moment alerts -- wouldn't you like one from the market

when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. fidelity. and her new mobile wedding business.tte at first, getting paid was tough... until she got quickbooks. now she sends invoices, sees when they've been viewed and-ta-dah-paid twice as fast for free. visit quickbooks-dot-com. you won't see these folks they have businesses to run. they have passions to pursue.

how do they avoid trips to the post office? stamps.com mail letters, ship packages, all the services of the post office right on your computer. get a 4 week trial, plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪

banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. maria: welcome back, baseball playoffs in full swing.

jared max with the long and short of it. jared. jared: yeah, good morning, maria. after the shortest player, josé tulve had record-run, one of the tallest players was made to look small. aaron judge struck-out four times. cleveland indians carried no-hitter, the indians had the game in hand. bruce home run, made a gray day for yankees who lost 4-0. bruce accounted for all four runs. nfl week five underway, tampa bay patriots looking for third straight win, second quarter last night. chris scores on 5-yard touchdown as you see tom brady connect, 303 yards, pats were up 5 points, tampa in position to win it on the last play, but throws

incomplete pass, final score 19-14. the only place we may see this tv commercial again is on youtube. carolina panthers cam newton's endorsement of dannon yogurt intercepted yesterday by comments one day before to female reporter. released a statement, we are shocked about behavior and comments of cam newton, we perceive as sexist and disparage to go all women. it's entirely inconsistent with our commitment to fostering equality, and not okay to belittle anyone based on gender. we have shared concerns from cam and will no longer work with him. after the news broke yesterday, newton finally apologized in this video posted on social media. >> my word choice was extremely degrading and disrespectful to

women. if you are a person that took offense to what i said, i sincerely apologize to you. i realized that the joke is really on me and i've learned a valuable lesson from this. jared: too little too late, cam. dannon dump him but pepsico did not. comments were objectionable, disrespectful to all women, they do not reflect the values of our brand gatorade, fully supports women who compete or report, coach or play or any role in sport on or off the field. maria: wow, we all remarked about it. i thought it was a stupid comment but i don't -- i mean, what do you think? >> in this day in age i thought it was dumb. it was a little 35 year's ago in terms of talking to a female reporter that way.

but again, is it really worth that level of outrage? by the way, remember sponsors went back to tiger woods, those were actions, not words. this was one joke. he was joking. maria: he started flirting with her. dagen: talking about routes. jared: this is a result of not just this incident but after super bowl 50 where he refused to talk to reporters and walked away. he was just disrespectful to male reporters and female reporters in super bowl. dagen: he said it with a smile and just one thing, i want to add, you know what, if it was me, i would have stood up and ripped him a new one. [laughter] dagen: what are you talking about -- >> you have to wonder was this their chance maybe based on other things. this is our opportunity. maria: come on. drop him as a sponsor.

a little much. brian pepsi is still in. >> i think he learned a lesson. maria: i bet biggest audience is women. >> that's sexist. [laughter] maria: i'm going to get creamed on twitter. catch jared fox sports 24/7, siriusxm 115, we had a great week in mornings with maria, check out the highlights right now. mayor, good to have you on the program and our col doll -- condolences to you and all the people in las vegas. >> it's been a challenging time but i must tell you our first responders and law enforcement, we have been practicing for a long time. truly what we need to get out of this is not to handcuff society, we need to remain free and be able to enjoy our day-to-day lives and be productive, caring and embracing people. >> it was intense, it was

intense. i mean ui can't explain it other than the fact that we were so close to being shot, i mean, it could have been us, it could have been john rich, i don't -- i don't want that to happen to this city. i don't want this city to cave because of terror. >> we were trained to do and something that we have a passion for doing and for all of the people to come out and all of the people to just kind of, you know, disregard their own safety, really, to make sure that their fellow man was taken care of, those are the true heros of the situation. we come together, we are a unified city. we are proud to be las vegans. we are going to step up. >> how do we ramp up assessment in law enforcement to prevent things from happening in the future. it's a task but i think we are fit for the challenge. maria: house set to vote on 2018

budget resolution this week. what are your thoughts? >> golden key to unlock tax reform that's so needed in our country. i'm very proud of this budget. >> this bill is far from perfect. i do love the simplification, i love the corporate tax rate. it should be the 15%, but, maria, they only got it down to 20%, this is all like making soup in washington and these things never come out with everything you want. maria: president trump got a firsthand look at storm-ravaged puerto rico yesterday and told fox news that the island 74 billions of debt will be wiped out. >> can the president do this on his own? no. can congress do it, yes. you are going to bail out puerto rico and you're not going to bail out, new york, new jersey, it's going to be very difficult politically. >> this is the fourth time in my career that hedge funds have been declared dead. it's like taking tom brady out of the super bowl. >> i was at a party at last super bowl, third quarter, they

need to take him out, i'm like no, they should not take him out but active management cycles. maria: general electric ceo stepping down months earlier than expected. people didn't really understand what ge capital is, but immelt was the boss. how did he not figure it out in. jon: the whole u.s. economy became too exposed to financial sector and took down the whole economy. maria: what do you think of bitcoin? >> we think it's interesting. a technological leap forward and new opportunity for people to store wealth. maria: look, man, i want to pay you in bitcoins, would you take it? >> yes [fbi agent] you're a brave man, mr. stevens.

your testimony will save lives. mr. stevens? this is your new name. this is your new house. and a perfectly inconspicuous suv. you must become invisible. [hero] i'll take my chances.

>> thanks for joining us this morning, it is friday october 6th. it is 6:30 on the east coast. counting down to the september jobs are for the economy expect to have added 90,000 jobs with the unemployment rate expected to hold steady at 4%. numbers are out in 2 hours time. hurricane harvey and irma taking a toll on the hiring situation in september. market that of the big number this morning look like this, futures indicating a fractional move down 10 points, the nasdaq up 5 points after major

averages closing at another record high yesterday. all time high continues, european markets mixed, s&p is up, cac quarante in paris down a fraction. in asia mixed performances as well, the asian markets were exposed in shanghai and korea but the kneecap one third of 1% as with the hang seng in hong kong, full coverage and analysis of the september jobs report at 8:00 eastern when we have a fantastic panel to identify where the jobs are. the big question around the iran deal, will we stay or will we go? donald trump will not certify iran's compliant, issuing a warning to tehran last night. >> we will do what we must to prevent that from happening and it will be done if necessary, believe me. the uranian regime supports terrorism and exports violence,

bloodshed and chaos across the middle east. that is why we must put a end to iran's continued aggression and nuclear ambitions. maria: a closer look straight ahead. california makes it official becoming a sanctuary state. governor gerri brown signaling legislation offering more protection for illegal immigrants. we will have the story. your iphone may be watching you because of huber, rated privacy concerns after the ridesharing apps got special access to phone screens without the knowledge of the user. facebook expanding east, a plan to build a new data center and add thousands of jobs. your next house of cards binge will cost more, netflix raising prices to offset the soaring cost of content. it could mean good news for others like disney. first this top story, the iran nuclear deal, donald trump planning to announce that

tehran has not been compliant with the international agreement according to the wall street journal. the speech will layout a larger strategy for iran. the number one state sponsor of terrorism. during a meeting with military officials the commander-in-chief voiced concern over this landmark deal. >> we must not allow iran to obtain nuclear weapons. the uranian regime supports terrorism and exports violence, bloodshed and chaos across the middle east. that is why we must put an end to iran's continued aggression and nuclear ambitions. they have not lived up to the spirit of the agreement. >> that agreement was made under the obama administration. the president says the deal is

not in the national interest of the united states. joining me is general jack keane, thanks for joining us. do you agree that this deal is not in the best interest of the united states? >> absolutely. it has been said this was defining foreign policy objective defining everything they were doing and destabilize the middle east, what they wanted to do was appease uranian that the expense of our allies. it left the president in a tough situation. not covered in the deal is the use of ballistic missiles developing icbms to deliver a nuclear weapon. access to all their military bases, imagine that. we know these guys cheat. we have no access to military bases where they are cheating and not covered is the adverse behavior throughout the region. maria: how is it possible none of those are covered? >> every time john kerry brought it up the uranian threatened to walk off and not discuss it. that is not part of the deal.

maria: why do we carefully walk away? >> we should have walked away and increase sanctions. maria: the president fired off an ominous warning during last night's meeting with military officials, listen to this. >> with this represents is health care. >> what are you talking about? >> you will find out. >> the calm before the storm, we will find out what the storm is. >> it is likely like you suggested to decertify. that has nothing to do with the nuclear deal. that is congress's concern when the deal was formed, they wanted to check on it every 90 days because they had problems with the iranians. it is us legislation he is -- likely to say we don't believe iran is in compliance for a number of reasons.

although the iaea says they are they are still developing military ballistic missiles. what is the purpose of that? nuclear weapons on them. we don't have access to military bases, what he is going to do is lay out a comprehensive strategy to deal with iran. he believes iran is the number one strategic threat in the region, he said that to 55 floors -- heads of state, told them the strategic threat, i will stand with you against that threat. no president has made a statement like that are made it to heads of state in the region who feel threatened by iran. maria: they are not certified or compliant, pull out of the deal. >> to congress, lettering the football to congress so they have a choice to impose

sanctions on iran, not certifying them. that would break the deal. the iaea saying you are certified. the president's advisers telling congress you don't have to impose sanctions. let the deal ride. what we are going to do is announce a comprehensive strategy, use it as leverage to make some changes to this deal, fix the fact been ten years they can enrich uranium and spin centrifuges and get on the path to nuclear weapons -- >> do we have to have agreement? people who are skeptics of the trump administration say it is not just the us, you have the other world leaders, 5 world

leaders in this deal, we need some agreement there with them. >> the national security council and germany, none of them want us to get out of the deal but also france and some of the others have problems with it but don't want us to leave. they will support the president's decision not to certify, use leverage against the uranian to develop a brand strategy to push back and see if we can improve on the deal. maria: there is iran and north korea. when you look at the axis of evil, researchers at the california university have been studying pyongyang's propaganda photos to track regime's nuclear weapons and north korea has the ability to develop and intercontinental ballistic missiles at could hit new york. what is your take on this? >> very advanced photography, 3-d, analysts -- exactly what

our intelligence services are doing and have been saying to us. north korea has that capability, it can reach the united states. what is not knowable is have a miniaturized a nuclear weapon and have a been able to put a missile up into space and reenter it into the earth's atmosphere successfully. the fact they are where they are already in terms of sophistication of the solid fuel icbm capable of reaching the united states that is a marvelous achievement on their part. we have to assume they will get this capability and that is why the trump team is so concerned and committed not to let it happen. maria: how will they not let it happen? just take down any missiles, surveying what is going on. >> there main effort is the diplomatic effort using the

economic stranglehold, stop trading with north korea, shifting down the currency, will take time. kim jong un believe he wants to get this capability of the united states will accept it. it will take a year for those sanctions to kick in but that is the path we are on, i believe it is the right path. hopefully we don't have to use a military option here but he could force us to do it. maria: dangerous times, always a pleasure to hear your insights, general jack keane. when we come back facebook's american expansion. why the social media company is investing million dollars with hopes to bring on jobs. just like the jetsons boeing plans to acquire a company that has plans for flying taxis, back in a minute. think your large cap equity fund

has exposure to energy infrastructure mlps? think again. it's time to shake up your lineup. the alerian mlp etf can diversify your equity portfolio and add potential income. bring amlp into the game. before investing, consider the fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at alpsfunds.com/amlp

with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does it? actually, it does. type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. and with heart disease, your risk is even higher. you didn't know that. no. yeah. but, wait, there's good news for adults who have type 2 diabetes and heart disease. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease and lower your a1c. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away

if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. so now that you know all that, what do you think? that it's time to think about jardiance. ask your doctor about jardiance. and get to the heart of what matters.

maria: thanks for joining us. look at futures, flat opening, this has to be a victory given the market gained $5 trillion since elected and major averages hit another all-time high with a couple names, apple one to watch, new reports questioning access the company gave huber to users devices, apple gave the ride sharing service the capability to report user screens even if the

apps was just writing in the background. this is to develop an apps for the apple watch. huber is working to remove the feature. we knew we were being watched and we are. apple shares at 155 and change. boeing jumping into the flying taxi business with plans to acquire aurora flight science specializing in autonomous like systems and aerial drones, it is working to develop flying taxis. terms not disclosed. shares of boeing of 90% in the past year. california has become a sanctuary state. cheryl: governor gerri brown signed legislation barring police from asking people about their immigration status. the log won't stop federal immigration officials from doing their job but will prevent them from commandeering local officials to help them. california home to an estimated

2.3 million illegal immigrants. facebook investing $1 billion in the state of virginia. the committee plans to spend 7 $50 million on a new data center and $250 million for multiple solar facilities that will power it. virginia estimates facebook will be eligible for a one time state tax break of $22 million. shares of the company up 50% so far this year. nasa hopes the weather will cooperate when it tries to lunch and atlas rocket carrying a spy satellite. liftoff of the payload set for just before 4:00 pm, the second mission in two weeks for the agency that oversees the fleet of spy satellites. since as a spy satellite we know little about what it will do when it goes into orbit. you like your house of cards, your stranger things, get ready to pay more for both, netflix

raising subscription prices, most popular plans going up one dollar to $10.99 a month, subscribers of the premium plan get an increase of $2, wells fargo saying the price hike could help disney's streaming business, disney -- shares of netflix up on the news in the premarket. maria: you knew that was coming, prices going up please coming up, blade runner 2049 bigger than the cult classic, huge buzz and high box office expectations. back in a minute. ♪ who knew that phones would start doing everything?

entertaining us, getting us back on track, and finding us dates. phones really have changed. so why hasn't the way we pay for them? introducing xfinity mobile. you only pay for data and can easily switch between pay per gig and unlimited. no one else lets you do that. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit or go to xfinitymobile.com.

>> you are police? plan on taking me up? >> i would much prefer that to the alternative. maria: that was a clip from blade runner 2049, the long-awaited sequel to the cult classic blade runner starring harrison ford and ryan gosling. it hits theaters today. joining us as senior vice president of marketing michael tom arrow. >> happy friday. maria: high expectations for this film. does it live up to it? >> it does. the critics i loving it. back in 1982 when the original

debuted, the third week 80 was out in the box office, flashback friday, the movie made only $3 million, went on to gross $32 million. this movie is estimated to bring in $50 million at the box office was a big number, a lot of anticipation. harrison ford is reprising his role at the age of 76 or something like that. maria: sequels dominating theaters these days. people want to see them. we have blade runner, last weekend the kingston sql won, do sequels always have to do well? do they usually do well? >> depends on the movie and the franchise. the thing that separates star wars, the kingston and avengers sort of movie from the transformers is they have a singular vision behind them, people guiding and directing, navigating is a better word to

use, the script is good, the cast is good and there is enough anticipation and showing something different they haven't seen from the first one they usually do well. maria: you have the audience in place from the first one. 20th century fox's new film the mountain between us, a lot of buzz between us. >> kate winslet, i recently caught up with the class of the world premiere in toronto who told me about this challenging production. kate winslet made a tarantula. to to strangers bounded together to fight for survival. at the world premiere, we caught up with stars who told us about this challenging production. >> a remote area, you have to fly there to bring your

equipment, explore the spirit of human beings under extreme circumstances so it is worth it. >> nobody knows where we are. we are all we have got, me and you. >> did you learn something about yourself? >> your going into the unknown when it comes to acting. we didn't know what conditions, i discovered i am more stoic than i thought i was. >> 3 days without water, 3 hours i survived-38.

>> you were one of the guys. >> actually a tarantula. >> 3 inches long. >> looks like a spider. >> here he goes. >> we might die together and i don't even know you. ♪ >> i don't know. can't get my head around you eating a tarantula. >> i will do anything for the show. maria: look like part romance part survival. what else can you tell us? >> i will forever be known as

the tarantula man. cold, clammy and crunchy. this movie is fantastic. leonardo dicaprio, 10 times as excruciatingly intense. maria: kate winslet is fantastic. this will pull in $12 million at the box office and it will have legs. maria: thank you. have a great weekend. still ahead, a scoreboard four times the size of your house, the largest in arena scoreboard in the world, you will see the big unveil on "mornings with maria" here. ♪ act like you mean it

♪ with everyone watching ♪ can you feel it ♪ i'd go ram. i would put it on ford. let's find out. noooooooo. chevy. that's right, it's chevy. they look amazing. wow. chevy's killin it. yeah, definitely. trade up to this light duty silverado all star and get a total value of over eleven thousand two hundred dollars. or during truck month, get 0% financing for 72 months on our most popular chevy trucks. find new roads at your local chevy dealer.

and i'm the founder of ugmonk. before shipstation it was crazy. it's great when you see a hundred orders come in, a hundred orders come in, but then you realize i've got a hundred orders i have to ship out. shipstation streamlined that wh the order data, the weights of , everything is seamlessly put into shipstation, so when we print the shipping ll everything's pretty much done. it's so much easier so now, we're ready, bring on t. shipstation. the number one ch of online sellers. go to shipstation.com/tv and get two months free.

[and her new business: i do, to jeanetgo. jeanette was excellent at marrying people. but had trouble getting paid. not a good time, jeanette. even worse. now i'm uncomfortable. but here's the good news, jeanette got quickbooks. send that invoice, jeanette. looks like they viewed it. and, ta-da! paid twice as fast. oh, she's an efficient officiant. way to grow, jeanette. new. get paid twice as fast for free. visit quickbooks-dot-com. maria: thanks, i am maria bartiroma, it is october 6th, on the east coast the man behind the massacre, stephen paddock's girlfriend divulging concerning details about the vegas shooter's mental state.

investigators reveal las vegas was not the only city he considered for his evil plot. the latest on the investigation as the first victims i laid to rest. will the tragedy change gun laws? lawmakers questioning the need for bump stocks lose the devices have been sold out. >> right now our focus over the last couple days has been on healing and uniting the country. we know members of both parties in multiple organizations are planning to look at bump stocks and related devices. would like to be part of that conversation. maria: new questions surrounding regulations that could be coming. getting america back to work, the symptom jobs report out this morning in an hour and a half, the numbers hit the tape. economists expect 90,000 jobs to be created in the last month with the unemployment rate holding steady at 4.4%. the recent hurricanes will take a major toll on the report. a record run for stocks, the

nasdaq, the s&p 500 closed at new highs yet again. this market is up $5 trillion since election day. the markets pulling back fractionally but close to the flatline in the us and europe. the european indices with the s&p up a 12:45%, the cac quarante down a fraction, decks and accept a fraction. markets mostly higher. and in hong kong the major markets closed for the holiday. tesla's batteries get more power to hurricane ravaged puerto rico than you think. be careful behind the wheel, the torch screen systems that may be putting motorists at risk. hollywood icon in hot water, bombshell allegations against oscar-winning producer harvey weinstein. dagan mcdowell, the kings college business, brian print birgit.

judy courtney is here. jobs, volatility at a record low. dagen: when alan greenspan said that. three years for the markets to go whoops. maria: $5 trillion is a lot of money. searching for answers this morning authorities investigating the motive behind stephen paddock's killing spree that left 58 people dead. paddock's companion, mary lou danley, cooperating with the fbi to shed new light on the case. what can you tell us? >> no briefing in las vegas from authorities because we keep asking about motivation

and have no answers and they have no answers we as to mary lou danley she did tell authorities that stephen paddock would often in the night in his sleep cry out or scream oh my god, appeared to be having nightmares and prescribed valium for anxiety problems. searching for motivation, there seems to be mental illness and no manifesto or explanation. as you point out, funerals beginning and memorials, one poignant one in las vegas, charleston hartfield, a member of the las vegas metro police force 34 years old, it was off

but when it started to come down, snap to duty and began ushering people out saving lives and gunned down himself. a memorial for him at the loss of a metro police department. as i said, we have learned more about possibilities and what mister paddock did in the lead up to this booking a hotel room in the music festival which promised to have more potential victims if he decided to carry something out as he booked a hotel room overlooking of the festival in grant park in chicago but nothing on motivation. maria: renewing calls for gun control after authorities said 12 of the 2 dozen rifles found in paddock's hotel room used so-called bump stocks which is

an accessory allowing automatic weapons. the white house open to regulating bump stocks. the nra said devices designed to allow semi automatic rifle functioning likely automatic rifle should be subject to additional regulations. the group ceo weighed in last night on hannity saying the massacre has been politicized. >> trying to politicized the strategy we felt the need to speak out on the bump stock issue. to create the media on semi automatic's when they said they were fully automatic firearms, when diane feinstein and schumer and the rest said machine guns, i set the record straight. maria: joining us is security

council member under president bush and president obama jillian turner, thanks for weighing in. under president obama's for us term the bureau of alcohol, tobacco and firearms approved the use of these bump stocks. >> all of this is going to go nowhere. if you are following the issue, the 48 hour cycle, as a bureaucratic fight, make and set policy on these devices, that has an impact for the american people. congressional leaders on both sides of the aisle have come forward open to the idea of holding hearings to learn more about these devices. the nra, also may be signaling they are open to this but the undercurrent is the same members speaking out on this

issue, claiming this is more in the jurisdictional line of the bureau -- an executive branch department and agency. what i see here is more of congress doing what it is best at which is kicking the can down the road denying responsibility, the fight between the executive branch and congress who needs to regulate this and no one will do anything. i think this is going nowhere. maria: it was a good sign to hear the nra say additional regulations, lack of ideology, this lack of ideology, a whiff of compromise which bodes well. >> we are coalescing around the bump stock, maybe something. maria: two companies that manufacture these things sold 1

million of them. >> they sell out. >> millions of americans. >> look at the victory here, anything fundamental to change the dynamics of guns or the problem or whatever you want to see, seems like a symbolic political class thing. >> speaking out against this remedial measure. dagen: the editorial page from yesterday, american life and human depravity do not bend to government dictates. with the second amendment and guns in america without being shamed, the far left liberal position, and being called a murderer your self. they failed to acknowledge

basic statistics about gun violence in this country, 27% of public mass shootings involved assault rifles, all the homicides in the united states last year 3% of people were killed with rifles, 760 homicides committed by hand, fist or feet. >> don't forget statistics in chicago. they have the strictest gun laws, 530 homicides. >> this is not coming out in the conversation focusing on this piece of equipment as if it is the be-all end all. >> a lot of the focus, there is something that can be done about it, they feel it could be bipartisan. the nra coming out, even sarah huckabee sanders saying the president wants to be part of the conversation, maybe it is

the start of something but every time someone says something needs to be done, are you trying to change our rights here? that is not the case but something does have to change. there has to be more regulation. there are regulation this, assault rifles are essentially bands in this country. it was illegal to possess one as a civilian, 81 manufacturers and fully automatic weapons heavily regulated by the fed since the 1930s. dylan roof should not have gotten a gun. drug possession and missed it. currently in force regulations

already on the books. >> is it an enforcement problem. >> what is the counterpart? dagen: that is my argument. before you layer on more regulations how do you enforce the ones already in place? maria: thank you very much. coming up next picking up the pieces after hurricane maria. how tesla's ceo things he could get puerto rico's lights back on following the islandwide blackout. the september jobs report breaking down expectations, on this economy, she is next. ♪ i don't need no explanation ♪ ♪ work work work work work ♪ work work work

♪ [fbi agent] you're a brave man, mr. stevens. your testimony will save lives. mr. stevens? this is your new name. this is your new house. and a perfectly inconspicuous suv. you must become invisible. [hero] i'll take my chances.

maria: we are all hands on deck gearing up for the september jobs report. economists expect $90,000 to be added to the economy with the unemployment rate holding steady at 4.4%.

the flatline after the record day yesterday, pulling back a fraction of the nasdaq. stephanie, great to see you. the job numbers will be impacted by the hurricane. >> a near-term temporary impact but broadly speaking your thoughts on jobs and the economy? >> you are right, this is a throwaway number. the bigger question is how are we going to arrest the broad deceleration in employment growth? it peaked in 2015 at 260,000 jobs a year and was 190,000 average last year and now we are at 176 this year so clearly things are coming off which is to be expected in the ninth year of an economic expansion. the bigger question is how do

we arrest this trend. i see the economy right now kind of buffeted by three major head winds. one is age in year 9, two expansions have run longer than the current one. infirmity in terms of deteriorating credit quality, a rise in delinquencies and more signs of consumer distress at the low end and finally qt, everyone blowing off the unwind of the fed balance sheet as going to be like watching paint dry which the fed hopes it will be. i'm not convinced of that. if qe pumps liquidity and credit into the system and fuels risk appetite, why won't qt do the reverse? we have three major head winds, hope is washington with fiscal stimulus can offset or reverse the issues. dagen: in terms of signs of

distress from the unwinding of the fed portfolio, its balance sheet, reduction of it, what are you watching? what should investors be looking at in terms of indicators for signs of stress? >> signs of stress, i am watching weak links in the credit chain, low income consumers, that is not so much related to the unwind of the fed balance sheet. in the broad scope of things the major impact of the qt is going to be to reduce the growth in credit broadly and credit is the fuel in the us economy's pink, the stuff that makes this economy move, not even for we are taking credit out but we are slowing the rate of gain. to slow the speed at which the car moves to extend the analogy. we have already seen, if you look at bank credit, the growth of the credit has collapsed

before the fed started doing qt. i expect that number will go negative as the fed shrinks its balance sheet. >> you are making the case why tax cuts are so important especially at the high end of the corporate. we are seeing indications republicans are backing off on key pieces of is to get through. is the problem? >> the proposal sounds great but the final product won't look like proposal. what concerns me is all dispatching of the high end and the idea that one thing we are not going to do is cut taxes on the high end. we will consider raising taxes to pay for the corporate tax cut. problem with all that is

corporations never suffered lack of money to increase hiring and. they didn't see the reason because consumer spending has been so far throughout the recovery. we have to goose consumer spending and people with disposable income -- maria: group creating jobs was when i had gary cohen -- gary cohn on, you're not cutting taxes on the rich cutting taxes because the rich pay the top 10%. during the commercial break he says to me, i'm not revealing anything, during the commercial break he says you are right but you are off, your numbers are wrong. i said what are the numbers? the top 10% pay more than 70%, it is closer to 90%. i go back to that statement, you need to cut taxes on the group is creating jobs and paying the tax. >> absolutely right. when you look at the breakdown

of consumption, the bottom 60% of households are spending every dollars they make, the bottom 40% exist, spending more than a take-home. cutting taxes for them won't boost their spending. they may give them a bigger payback. they not only pay no tax but get money back from the government. will you redistribute more wealth? >> the gap continues to widen. we saw that with building comes even though it went up, the rich got richer, the middle-class performed as well. >> what happens as things look like they are heading, if they don't cut taxes on the high end you see an improvement on the low end because they have stress but you don't see spending go up. maria: we will all be watching this tax plan. stick with us in the jobs in america segment at 8:00 eastern

identifying where the growth is, where the jobs are and what a tax plan could mean for jobs. stay with us. is your car to blame for distracted driving? the top vehicles putting motorists at risk, right here, next. >> prudential center debuts the biggest in arena scoreboard, we have the exclusive sneak peek, the big reveal coming up. ♪ what is love ♪ baby don't hurt me ♪ don't hurt me ♪ no more ♪ what is love ♪ baby don't hurt me ♪ don't hurt me alerts -- wouldn't you like one from the market

when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today.

or a little internet machine? it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost.

so all you pay for is data. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com. maria: elon musk says he knows how to turn the lights back on and puerto rico. >> reporter: he has a company that can do that.

tesla can restore the broken power grid with solar electricity. tesla has done it for smaller islands and all puerto rico has to do is ask. the electric company says some households may be with the power four to six month. the governor tweeted let's talk and musk replied the following, i would be happy to talk. hopefully tesla can be helpful. a new study finding touchscreen systems in many vehicles i too distracting putting drivers at risk. the study involved 120 drivers testing the 2020 model year vehicles and distractions by touchscreen systems were very high on 12 vehicles, they include the audi q7, q pp, ford mustang gp, dodge durango gp, tesla model-plaps.

movie executive harvey weinstein taking a leave of absence in response to a report he sexually harassed women for decades was among the women he is accused of harassing, ashley judd. he settled out of court with eight women. he issued a statement of the time saying, quote, i appreciate the way i behaved with colleagues has caused a lot of pain and i sincerely apologize but i'm trying to do better, i know i have a long way to go. that is my commitment. despite the apology he said he will sue the times calling the paper dishonest and reckless. those are your headlines. maria: at least one democratic senator is giving back the money harvey weinstein donated to his campaign. dagen: he is a liberal lion, a

big wig and giant money raiser for the democratic party. in the original statement he put out, some of which cheryl read he bashed the nra, bashed the president and that is a signal, a little wink and nod to all the democrats, i am one of you. i'm a liberal too, go easy on me. in the interview he gave with new york post you get the sense he is legitimately shocked the new york times, that liberal leaning newspaper would write about him, a big-time liberal. he goes into that, the times never wrote about my documentary about rikers island. he shames ashley judd, victim shaming in the interview that he gave. we will see if his moral compass changes.

maria: that interview was incredible. we will take a break. when we come back the timeline for donald trump's tax plan, how resolution can pay for the over all of the tax code, they got the budget done, let's see what happens now. cosco headed straight to your door, detail on the delivery plan available exclusively for its members. "mornings with maria". .. .. .. i'd go ram. i would put it on ford. let's find out. noooooooo. chevy.

that's right, it's chevy. they look amazing. wow. chevy's killin it. yeah, definitely. trade up to this light duty silverado all star and get a total value of over eleven thousand two hundred dollars. or during truck month, get 0% financing for 72 months on our most popular chevy trucks. find new roads at your local chevy dealer. i've been thinking. think of all the things that think these days. businesses are thinking. factories are thinking. even your toaster is thinking. honey, clive owen's in our kitchen. i'm leaving. oh nevermind, he's leaving. but what if a business could turn all that thinking... thinking... endless thinking into doing. to make better decisions. make a difference. make the future. not next week while you think about it a little more. but right now. is there a company that can help you do all that? ( ♪ ) i can think of one.

maria: welcome back good friday morning everyone.

it is friday october 6. your top stories right now 7:30 a.m. on the east coast. the economy is expected to have added 90,000 jobs last month with the unemployment rate holy and holding steady. hurricane harvey and irma taking a toll on hiring in the month. if you indicated a fractional loss. all the major averages closed and another record yesterday. the nasdaq is fractionally higher. take a look at the ft 100. the dax index is up affection. a mixed store here in asia. many markets are still closed for a holiday. the hang seng and hong kong up a third of 4%. the analysis of the jobs report for september. it all kicks off in 30 minutes time. for special segment jobs in america. during this where us where we are all hands on deck.

lawmakers are taking steps on the budget in order to get the overhaul approved. house speaker paul ryan explains were getting reform done is so important. we have not had economic growth like we used to have for a decade. we can get it, we can do it and tax reform is the way to get it done. whether we're just cannot lose more and more businesses. the tax plan is still facing headwinds. they are stepping up their delivery options. that is affecting delivery giants like fedex and ups. look how they are unveiling it today that is almost four stories high. as a promote mornings with maria on that in arena scoreboard.

we will tell you all about it. first paving the way for tax reform. the house approved the budget framework with a vote of 219 to 206. now senate republicans have the power to pass the tax bill with just 50 votes instead of 60. speaker of the house paul ryan stressed the need to overhaul of the tax code during the tax reform to her in maryland. we've a system right now that is telling american businesses don't make things here and don't say here. this is crazy. >> we want to bring in the president for american tax reform. it's good to see. so we know where we are in the tax plan we know you've like what you've seen so far. there is a push back on the state and local income tax deduction i don't know that they are going to be able to get that done. a lot of people in the house or even pushing back on it.

the senate republicans are pushing back on the removal of the estate tax deduction. are they gonna get it done with the pushback. there will be a lot of back and forth. anyone can get on television if they raise some objection and they want to look like a maverick. there will be a certain amount of that. i do think that we do need to eliminate the tax deductibility of a state the state and local taxes as a subsidy for chicago. we should not be encouraging cities to pile on a higher and higher property taxes. this is a question of setting this up. our tax and policy policy should be to create jobs not massive big government.

some of these republican governors and lawmakers that take way more federal money in terms of federal spending versus what the states pay in. there actually footing the bill for the spending that they get for the feds. there is inequality everywhere. when they vote for big government spending. that's quite true. that's just simply stupidity on the part of schumer. buffett's hypocrisy on the behalf of republican lawmakers. as being unfair. they take more money than their own state pays in.

they subsidize and encourages high taxes in any of the states. that is unhelpful. back in 1978 governor brown said don't vote to cut your property taxes. because of the state and local tax deductibility. they ought to take the rates down for everyone. it makes it easy for new york to have high taxes. it certainly is plain that way. it starts with the a tape --

estate tax. you see complaints about bringing down the rates. that to me is going to erode a plan. that is a direction that seems to be moving. can the system that tied and bring down some of the rates that hit top end earners. the american business community knows that we are getting killed with a 35% rate. 30million pastors and their spouses the obama and democrats too.

on the death tax every poll going back. i tax on income. if you're stupid up and die they want to get up to 65. they have and organize haven't organized their life. they don't think it's fair. any politician that thinks they are planed to some sort of popular based on this. has not looked at the history of the polling data on this. that is real money. to pay for this plan.

your negative that kind of plan. obviously we are waiting for the jobs. and tax reform could certainly help employers bring back jobs. i've worked with companies and scene jobs go overseas. i'm wondering your thoughts. will it work. the high rate that we have. they had been been driving those to canada and to other countries. we know that high tax rates here we need to and that. we are at 35 percent.

they are supposed to be the communists. this plan is can add to the at debt. nancy spent ten years a doubling of the debt with obama. she is an expert on debt but not having less of it. it's always a pleasure. for about 40 minutes away from a september jobs report. we've all hands on deck this morning. were taking a look at how they had slowed hiring. detail of the retail giant. stay with us. alerts -- wouldn't you like one from the market

when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today.

so we created the only bed that adjusts on both sides to your ideal comfort, your sleep number setting. you can even see how well you're sleeping and make adjustments. does your bed do that? the most amazing part is they start at $699. that's $200 off our queen c2 mattress. and free home delivery on select beds only during our fall sale. ends monday.

visit sleepnumber.com for a store near you. and i'm the founder of ugmonk. before shipstation it was crazy. it's great when you see a hundred orders come in, a hundred orders come in, but then you realize i've got a hundred orders i have to ship out. shipstation streamlined that wh the order data, the weights of , everything is seamlessly put into shipstation, so when we print the shipping ll everything's pretty much done. it's so much easier so now, we're ready, bring on t. shipstation. the number one ch of online sellers. go to shipstation.com/tv and get two months free. [he has a new business teaching lessons. rodney wanted to know how his business was doing... ...so he got quickbooks. it organizes all his accounts, so he can see his bottom line. ahhh...that's a profit. know where you stand instantly. visit quickbooks-dot-com.

stay with us. welcome back amazon takes on fedex in ups. amazon once again leading the charge with this one. they are testing out their own delivery service. they're going to pick up the items from the third-party seller and then they're going to deliver them to consumers in today's so this will allow them to offer more of the items with tutor shipping. shares of both of those went down yesterday after the news was announced. another thing i want to talk about cosco they are still trying to catch up with him is on. they are going to be able to buy nonperishable bulk items.

if you order $75 or more it's free. if you're not member of cosco there will be a 5% surcharge. same-day delivery service through insta card. that you can get if you're not a cosco member. they do charge a delivery fee. it makes perfect sense. every time in think it's a day any business everybody plummets. it wouldn't surprise me if you see fedex or ups getting really cozy with them that's what it will take to come after him a son. i find interesting from a jobs perspective because for years the retail hiring we've already seen the retailers ramp up if you look at what

all the jobs are today it's ups it's fedex, it's the post office it's amazon is not macy's. when i can hire the 60,000 people we hired for the retail season last year they are changing their model a bit. things had really changed. they're going like that. in the story in the journal this week and amazon about how they are recruiting and all of these schools and it's all about amazon. people don't want to go to work at other places they wanted amazon. that's where the interesting work is happening. at the same time. they are finding new things. they are running new things.

they are delusional they think it's can have that kind of feel. if you want to work with entrepreneurs you go work for a start up. and that's where the walters wealth is by the way also. if you want to make money in technology you start a company. used to be that is your nba player -- mba plus. see mac it's hard you don't get to sleep. we have a sneak peek of the biggest in arena scoreboard. check out what they are promoting today.

we are going to talk with the new jersey devils a president about that.

>> the big reveal of sports world exclusive. the home of the new jersey devils is unveiling a history making new scoreboard before the team's season opener that tomorrow but we are getting an exclusive preview right now. great to see you. thank you so much for joining us. my son distracting you from this amazing speech. an incredible huge screen. tell us about it. this is a screen that is unprecedented. the largest in the world. bold manufactured by our partner translates. right here in america. on some levels historic in for a fee and it will revolutionize the way you actually watch hockey.

i did not lift it myself. it must be totally astounding. we paid engineers a lot of money. the technology that went behind this again is futuristic. we think it is actually built for the future fan. well have a huge pallet to be able to give our fans it was somebody's you all lost. how much research did you do

into the fee and desire for a scoreboard like this. we did a lot. we talked about how we differentiate the live experience. with 50-inch screens. what they're looking for is something that you can actually enjoy the same experience that you head with the technology home but you're doing it with your friends and your neighbors and her colleagues and you're doing it in it's very social. we believe that it will marry the two best parts of what we love about the sports events. >> do you think this is going to let her alert people into the stadium? you want to head interactivity and technology. the game is very interactive with fans. do you think it will move the needle in terms of getting people in the stadium rather than watching it from their living room.

>> prudential building is always been pretty busy. people like my kids who are 14 actually prefer to look at their devices are watching on tv they're actually really excited about this. they see this as a way to actually get what they want while they're here with their friends watching life. are you looking to get another nba team. the nba has pretty strict governance is about what teams get to play where. it would take that in the market for them to agree to have a third team here. it's probably not likely. basketball in new jersey is alive and well. the season opener is tomorrow.

i'm sure there is a lot of excitement. what you had planned to really unveil this and get the fans engaged. this thing has been under construction from a month for a month and a half. we've had that. it's the world's worst kept secrets. so now we've heard from a lot of our fans that tomorrow afternoon will be a time for us actually see this thing alive and going. if you don't follow hockey much we actually have an exciting team that is in the midst of a really young resurgence and renaissance. a lot of anticipation building for tomorrow the organization is very excited. and we hope to have you all out here. forty-five years as way too long to wait. did you do anything different

in terms of security given what were talking about now after las vegas and beefing up security are their worries there worries now in terms of big crowds? there are concerns about gathering places of large people had spent going on for ten years. i think we know this is a very dynamic changing environment in terms of how we're making sure that they are secure. we work with a team of people on the federal level, state-level local level in terms of what we can do to make sure that they are safe. both in our facility but as they gather good to see you.

intelligent technology can help protect it. the 2018 audi q5 is here. maria: welcome back. good friday morning thanks for joining us. i'm maria bartiromo it is jobs friday we are happy you are with us october 6. top stories 8:00 a.m. on the east coast breaking news 30 minutes away from sent jobs' report we are expecting 90,000 jobs add to the economy in september that is muches lower than we have been seeing, the unemployment rate is expected to hold steady 4.4%, the recent hurricanes that is why it is a lower number expected to take a major toll on the report and on hiring in general in the month of september, this comes amid a record run for stock prices on wall street check out markets, the dow nasdaq s&p 500 pulling back from all-time highs reached yesterday nasdaq in positive territory, up a half point, that is a victory here

on the heels of a record-setter yesterday, markets flat going into the the number in europe similar story to look at european indices ft 100 up a fraction dax up a fraction the cac quarante in paris down a fraction, in asia overnight, markets mostly higher nikkei average up a third of a percent hang seng up a of a percent shanghai kospi closed for holidays deals about the man behind deadliest mass shooting in u.s. history paddock's girlfriend die vujing concerning details about the state of mental health investigators reveal las vegas not only city he considered for an attack, the news coming as first victims are laid to rest. >> we wanted to do you know do them right. and we -- like old times, so we are going to give one last for charlie, this is for you.

>> the very latest on the investigation coming up this morning, another megastorm set to slam the south incredibly what you need to know now as the tropical storm nate is battling towards new orleans as we speak cam newton apologizes maya culpa after sexist comments to reporter cost a major sponsor joining me fox business network dagen mcdowell, kings college business economics professor brian, and professional staffing division president joanie courtney here hands-on deck talking jobs. >> big day numbers, talking about a small number here maybe upside potential that will help goose the market. >> charles payne weighing in we do this can hurricanes had an impact? >> probably had an impact but

other navirratives the jobs -- manufacturing, adp out this week, manufacturing, 48,000, so far, they have averaged 47,000 jobs, per month this year, all of last year? averageed 7,000 a month, i mean absolutely mind boggling a renaissance going on i like to see it corroborated. >> we've got a lot coming up economy in focus where we are all forced on investors waiting on september jobs' report, stu out in less than 30 minutes going to move markets likely hurricanes harvey irma likely a toll blake burman at the white house with that angle over to you blake. reporter: good morning to you this is a white house this is a president that feels very good about economy the economic outlook heading into jobs' report about 27 minutes or so, for example, the president, tweeted the following, yesterday he said and i quote stock market hits all-time high unemployment lowest in 16 years, business

and manufacturing enthusiasm highest level in decades that is part of the message that they try to put out here at the white house, of course, one question going into this talked about how hurricanes maria and irma specifically, might have have impacted the workforce and might have impacted the economy economic outlook, over the last few weeks or so the president acknowledges as much, last week, here in washington, d.c., when he gave a s speech to the national association of manufacturing. >> unfortunately having the hurricanes hitting texas and florida, and louisiana and, obviously, other locations, and especially where we are right now with the kind of money we're spending on puerto rico, and virgin islands it is going fob a little bit of a hit. but we are doing extremely well even this quarter despite the hurricanes. vice president pence will travel to the u.s. virgin islands puerto rico today i heard you talking about

manufacturing, by the way, 2:00 the hour at the white house later today the president will have manufacturerers in the oval office will proclaim today national manufacturing day, back to you. maria: blake thank you so much blake burman at the white house we are watching markets ahead of the september jobs' report, and this has been nothing but euphoria since election day, market up almost 5 trillion dollars since last november dow nasdaq s&p 500 pulling back, this morning after hitting all-time highs yesterday still we are in longest winning streak for s&p 500 in 20 years, as wall street so-called fear gate the vilt index the vix slowest level ever so no volatility, money moving into equities, this morning investors are watching september jobs' report because it is typically a market mover expectations call for 90,000 jobs added to the economy which the unemployment rate 4.4%, we are talking about what to watch this morning, and i guess, dagen, every month you talked

about wages, that is the key number. that people want to look at because they haven't moved so long what are we talking about two and a half percent. dagen: 2 1/2% anything broert is certainly good news i think if we get close to 3% at this point we cheer that if you see a thub higher likelihood of the fed being more aggressive raising interest rates, becomes a factor certainly in terms of markets. also, the wage gains could be impacted by hurricane as well not just overall job creation number, it could temporarily boost wages among say -- because overtime, that some workers were taking during hurricane recovery. >> charles you've got a market just won't quit if wages not point of view story even if the growth is not a perfect story 5 trillion-dollar move in equities since election day. >> we bureau lead you talked

about euphoria postelection euphoria morphed into action, read something to you, these results supported by improved macroeconomic environment new optimism wage job growth increase in consumer confidence who that i had that steve lennar, strong consumer confidence will delivery retailers strong holiday season who said that national rowtail federation, by the way, did you see you atto celsius i know a little bit of replacement but stilts we are seeing tangible evidence of euphoria becoming reality. >> auto sales best month last month in part because -- >> preclude away the estimate. >> what did stephanie say about consumers subprime mentioned the auto loans. >> right, she is worried about credit, and the decline in credit quality, but factory

activist, last-month highest in 13 years, i know that president trump likes to take credit, for this stock market rally, but what is underlying fundamentals. >> let me point out one more thing talked about national association manufactures quick two years ago the number one problem for manufactures 79 pers said regulatory environment this year number three problem only 55% have said the problem, why? that is the key, guys. forget -- the tax has not kicked in regulatory environment so much better we are seeing results in manufacturing, and across the board the rest of the country. >> the job report will be better than today? even. >> i think it will he. >> better than 90,000. >> i think resignation from 45,000 to someone cannot a quarter of a million i think better knew nuances show looking great. >> a lot retailers talking about hiring people not wall

mart but others hiring jobs just for holidays explain temporary and full time right now. >> holiday hiring can be up to 600 i think last year 650,000 jobs. it is expected to be about the same. full-time hiring though right now we talked about this, 6.2 million job openings the report all prime high so the disconnect here how come not seeing more job creation we do think retail hiring will be strong, but there should be opportunities also for the full-ti professional the question is skills gap. >> skills mismatch question a big question when you see the number that big, 6. million you know -- 6.2 million people want to work you have to ask are workers prepared are they getting training to get into higher paying jobs and

manufacturing? >> a big mistake on great recession did not train workers replacement so other workers making more point people rebuilding florida in tornados going to make a lot no -- no new welders out there no welders under 30 we've got serious issues. maria: a conversation with peoples yesterday saying in puerto rico people homeless going to leave going to south florida, that is going to be -- have so much impact not just on the construction o he -- >> my all -- youngest 21 coming to life with us next tuesday one to texas one to new jersey listen it is massive an economic and political humanitarian -- >> an issue on voters, and the redistricting if people go from puerto rico to florida. vote in the next election just so many implications incredible we are all hands-on deck going to talk about jobs number out in 20 minutes' time we will identify where jobs are right now but first,

coming up next gulf coast in crosshairs tropical storm nate is swarming toward u.s. as we speak leaving deadly trial of destruction across central america how states are preparing for the storm growing fares it will make landfall as a hurricane. >> 20 minutes away from september jobs' report we break it down all you need to know on it. back in a minute.

i am totally blind. and non-24 can make me show up too early... or too late. or make me feel like i'm not really "there." talk to your doctor, and call 844-234-2424. searching one topic. that will generate over 600 million results. and if you've been diagnosed with cancer, searching for answers like where to treat, can feel even more overwhelming. so start your search with a specialist at cancer treatment centers of america. start with teams of cancer treatment experts under one roof. start where specialists use advanced genomic testing to guide precision cancer treatment... ...that may lead to targeted therapies and more treatment options. start where there's a commitment to analyzing the latest research and conducting clinical trials-to help each patient get the personalized cancer care they deserve.

start at one of the cancer treatment centers of america hospitals near you. the evolution of cancer care is here. learn more at cancercenter.com/experts appointments available now.

when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. . maria: welcome back details this morning about steven paddock cheryl casone with latest on the las vegas massacre. cheryl: yeah, so maria paddock's girlfriend marilou danley told fbi paddock developed mental health systems would scream at night lie in bed moam and scream oh, my god police believe he load

at blackstone hotel -- over the summer, reports paddock may have scouted sights in fenway park as well thousands turned out to honor charleston an off destitute las vegas police father of two killed when paddock fired into that crowd he was on annual visit to the route 91 harvest country music festival one of 58 who died in the mandalay bay massacre on sunday. >> mayor of new orleans declaring a state of emergency, ahead of tropical storm nate the national hurricane center showing nate a hurricane before landfall somewhere along the gulf coast on sunday. nate has killed more than 20 people in nicaragua costa rica oil producers in gulf bp shell shutting production down withdrawing workers from offshore platforms, this we are watching for you.

carolina panthers quarterback cam newton issuing a apology telling a family reporter i want to was funny to here her talk about football players' rou rout. >> degrading disrespectful, was not my intention, and if you are a person who puts a fist to what i said i sincerely apologize. >> coming late for one sponsor yogurt maker dannon cutting ties saying disheartened by comments, antinuclear weapons group is the winner of this year's nobel peace prize campaign to abolish nuclear weapons taking one-million-dollar prize called ican made up of hundreds nongovernment organizations working more than 100 companies are trying to push for global nuclear disarmament, headlines this

jobs friday. >> thank you so much in fact we are about 13 minutes away from september jobs' report, what you need to know ahead of the release we got markets lower, ahead of the number on deck right here after this break. ♪ (music plays throughout) ♪ ♪ ♪ ♪ ♪

my name is jeff sheldon,

and i'm the founder of ugmonk. before shipstation it was crazy. it's great when you see a hundred orders come in, a hundred orders come in, but then you realize i've got a hundred orders i have to ship out. shipstation streamlined that wh the order data, the weights of , everything is seamlessly put into shipstation, so when we print the shipping ll everything's pretty much done. it's so much easier so now, we're ready, bring on t. shipstation. the number one ch of online sellers. go to shipstation.com/tv and get two months free.

so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver.

maria: weapon back september jobs' report on deck out in 10 minutes economists looking for 90,000 ensue jobs in month of september unemployment rate steady expecting 4.4% joining the conversation kellyanne company managing partner and jon hilsenrath good to see you both thank you for weighing in here on an important report, jon are you expecting the 90 in step with what wall street is looking for. >> well, you know number could it is impossible to say, but the number could surprise on the upside because we have had a lot of strong economic data out in the last few days, the ism manufacturing car sales reports looks like this economy is doing pretty well, so don't be surprised if we get a good number. maria: he kevin marketing up almost five trillion dollars since election day do you think the market has room to run if we get a better than expected number? >> i think we could because everybody is expecting this

number to be really weaker than the 3 month average so if we get a robust number what i think it will do will validate the soft data as well as the hard economic data we've seen which are leading economic indicators durable goods report so i think validates even those -- those numbers even stronger, economy than anticipated but could lead to fed rate hike i think if too strong a number is going to make sure the fed raises rates in december. >> what is most important here? hurricane effect we know that unemployment earnings we are on doors of earning season. dagen: two and a half mercedes wage growth year-over-year a tick-up in wages may be hurricane effect there, but that is most critical, to us -- thriving economy when suffering with very low wage gains last literally decade. >> i agree with dagen i think wages going to be important

also revision for the prior month see if additional jobs were created. >> jobs created -- >> labor participation ifrp that is always something are we seeing people more optimistic to participate in the workforce hopefully seeing that number right direction. >> some below radar numbers top line numbers are going to be messy with the storm some below radar like rate of participation probable less affected by hurricanes what is going on there do we see a good trend there. >> i agree labor participation we want people to come back hit brics we want all americans to buy into idea that they can make it in this country. and part of that is because what happens in an economy self-fulfilling to large degree, people working part time for economic reasons i like to see the fury of those papal versus full-time. >> labor participation rate never going to kick up that

much because of population -- >> i think that the headlined number is the key today if we get a number over 100,000 in the face of these storms, i think that shows labor market is rip-roaring stocks just take off. maria: it also shows this market is -- is trading on something real, we are going to take a break when we come back the september jobs' report, right after this short break, stay with us. im vern, the orange money retirement rabbit, from voya. riiight. and that means...? i'm the money you save for retirement. i help you get organized so your money could multiply. see? got it. who's he? he's green money for spending today. you know, paying bills, maybe a little online shopping... makes it easy to tell you apart. that, and i am better looking. i heard that. when it's time to get organized for retirement, it's time to get voya. which of these truck tabrands do you think offers best in class hd horsepower and the most capable off-road midsize pickup? i'd go ram. i would put it on ford.

let's find out. noooooooo. chevy. that's right, it's chevy. they look amazing. wow. chevy's killin it. yeah, definitely. trade up to this light duty silverado all star and get a total value of over eleven thousand two hundred dollars. or during truck month, get 0% financing for 72 months on our most popular chevy trucks. find new roads at your local chevy dealer.

sometimes they just drop in. always obvious.

cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. maria: welcome back. good friday morning. thanks for joining us. i'm maria bartiromo it is friday october 6 jobs day, we are moments away from the sep jobs' report, we are expecting to see that the economy added 90,000 jobs last month unemployment rate a holding steady 4.4%, hurricanes harvey irma likely a toll on hiring in september, markets ahead of the nonfractionally lower take a look, dow industrials down 18 points nasdaq s&p 500, also pulling back, from another record high yesterday, all three major indices yesterday hitting all-time highs once

again, brian is here your thoughts, going into this number. >> well i think jon makes a good point in that you know if we get a beat over 100,000 market is going to like it do i really think there is going to be a leg here how we can interpret nupz after katrina three months to figure out i think something similar here. >> kevin kelly markets are going to dismiss it expecting hurricane related issues. >> gives a lot of reprieve to some companies that are reporting this month especially if bad or weaker northbounds a pass from investors because of the storms and as brian alluded to when katrina happened first job number was negative 35,000, so for us to have a strong print of 90,000 and that is after two hurricanes, that is going to really reassure investors this market this economy is growing as well as the global growth story is playing into the earnings season that is coming up next week, and especially

with a lot of -- think of technology financials i think job number could reaffirm investors' beliefs. >> i am glad you americansed earners s&p 500 lindsey bell told us yesterday up 4%, from what we saw earlier in the week again temporary situations people are expecting they brought estimates all the way down. dagen: after two quarter, double digital earnings growth in terms of this report, i think we need to reiterate like a win-win if weaker than expected people are going to blame the hurricane if better than expected people say yeah the economy firing on all cylinders. >> markets rip and roar charles because already we are up five trillion since november. >> up five trillion underlying sentiments improve dramatically i think market turned back to being a harbinger of the future what is going to happen six months to a year. >> we could see the revisions

so we are also going to look at last month, to see what the revision is in terms of what that looks like,lets get to the number right now because adam shapiro has the number over to you. reporter: u.s. economy lot of 33,000 jobs negative 33,000 jobs in september, you can blame hurricanes irma harvey, decline in food seniors drinking places reflected impact hurricane irma unemployment dropped to 4.2% two different surveys talk about why a difference good news unemployment rate dropping to 4.2% august was revised up, from 156,000 to 169,000 up 13,000 but july was revised down, from 189,000, to 138,000 that is a loss of 51,000 jobs net those two months down 38,000, 8.3% last

time that low was june 2007, participation rate 63.1%, average hourly pay key for federal reserve paying attention up 5/10 of a per why don't last month year-over-year up 2.9% paim workers little changed 5.1 million average workweek not changed 34.4 hours, manufacturing average workers 40.7 hours establishment payroll number again, down 33,000. food and services drinking down 105,000. he they had averaged 24,000 per month. now to explain this difference in the unemployment rate, and the loss of jobs, unemployment is measured differently they call are you working even if not paid at work on week they are calling, they count you as employed the headlined here is that in unemployment, from august to september, the number of americans not

working fell by 331,000 down to 6.8 million again unemployment rate 4.2%, jobs in the united states, down 33,000 because of hurricanes irma harvey they do not include puerto rico, or the u.s. virgin islands in surveys ever, back to you. maria: thank you, and as we have been predicting no reaction from markets at all, the economy lost 33,000 jobs, about obviously we were expecting a weak report this is weaker than expected thoughts from the panel. >> you know i have to say, the healed number is going to be that negative number but it sounds like there is really some positive news in this to report, the two big things that jump out at me certainly wages, we have been hovering around 2, 2 1/2 percent shot up to 2.9% closer to 3 what we were looking for in addition to that, labor participation jumped up to 63.1%, really a good sign that people may be more optimistic want to

participate in the workforce. so again, the headlined number, not so good but it was expected with the hurricanes, but there is some good news in this report. maria: jon hilsenrath jump in your thoughts. >> couple things i think market is going to look past that decline, in the headlined payroll number because the labor department said in release that there was a big impact in -- as -- you reported, restaurants employment i think unemployment to 4.2% and wanings up 2.1% a sign slack is diminishing the economy check box fed raising interest rates in december. >> in terms of this report, you add though labor participation rate actually went up slightly, u6, 8.3% lowest in more than a decade. maria: not bad. dagen: june 2007 we always look at revisions it was kind of a mixed bag revision to upside august, downside

revision in july welfare 38,000 jobs overall again, the headlined number being ignored by futures if you look how dow futures are doing right now, exactly where before the report came out. maria: exactly. >> headlined number emphasizes next two months are going to be very important in terms of understanding what the trends are here we are going to have to look at bounceback, in october, november to see is the trend this year going down is it holding steady i don't think going to matter much for fed got youl but going to matt in terms of where we see economy into new year. >> can i -- >> can i throw out one idea for people to consider this number comes right as the president is about to make his decision about who is going to be leading the fed. for the next four years got a decision coming next couple weeks one of the things he has to be asking himself this morning do i want to get rid of a leader in janet yellen, who has the unemployment rate down to 4.2% the economy is

doing pretty well. in this environment, you want to change he horses when the economy is going you know, at -- the lowest unemployment rates we have seen in a couple decades. >> let's not forget anticipation of taxes the rollback of regulations in terms of part atribute beautying that is part loosening up purse strings. >> i think we get back to fundamental reason why america is greatest economic country in the world, and, when the congress starts moving i start to make investments i hire people it creates a chain reaction that chain reaction is already begun. and you know, of course, i think smaller business more than anything else need want that, yesterday the national federation independently businesses out there pounding the table, we need it more than anybody else, because these pass-through rates extraordinarily high having said that i don't care about fed raising rates if because economy is doing better is it because u6 number dropped

dramatically is it because more people in workforce because hiring more manufactures building factors raise 25 basis points. >> what is rock-bottom level. dagen: that is danger the unwinding of fed balance sheet, i don't care if smartest person on plannest artery says they know how this is going to play out in financial markets they simply don't number one everybody was expecting, by the way, longer term interest rates are quite a bit lower than they were at start of the year, we were 2.on almost 2.45 percent on 10-year yield now yesterday, 2.35%, so again longer term interest rates have consistently gone against what investors have been expecting, you see those numbers start going up, significantly that is a headwind for the stock market. >> i want to point out this is the first decline in jobs since september 2010 so, yeah, it is not -- we are all

discounting -- hurricane harvey this is first time economy lost jobs in several years september 2010 kevin kelly weigh in with your reaction. >> yeah, but one of the issues that you have to compare it is that if you look at leisure hospitality it lost over 1211,000 jobs, if you add those -- 111,000 jobs if you add into report we are at that 80,000 number, so that is where you are getting, the -- the dispersion of numbers that we are taking about, and think about what happened this number is actually are better than cat katrina katrina negative 35,000 this one a negative 33,000 that was with two storms, is to -- looking through this number, you just have to think about what is going to drive this market forward we are talking about the fed raising rates in december economy is healthy think about this when was last time we had he tax reform? right? that is going to move the needle further what can this

jobs number look like, should we get actual tax policy that trickle through to real economy could we have a 4% jobless rate number would be phenomenal flaigs going higher. >> if you are on a hardware store main street or own restaurant, small business you are going from a 39.6% rate to 25% rate, that is big stuff, that is big money for small and midcap businesses. >> along. >> job creators. >> as long as republicans hold line back to question how much is that going to erode. >> corporate rate red line 20%. >> have republicans in congress better also believe red line is 20% because they all have to work together to get that done. >> all lawmakers who for decades talked about about we need to help small businesses they don't know jack-all about small business continuously for decades, given a very

nasty hand gesture to small business owners real job creators. >> now is time, nicole petallides on floor of the new york stock exchange watching markets no reactionary to this. >> you are absolutely right right back to where we started, gold sold off we have dollar stronger we see you to jones futures down 23 almost where we were you are right on money talking about congress everybody here on wall street looks to tax reform still believe that that will continue to propel higher they still have outlook here that is a positive one going into year-end, ultimately, there were comments pertaining to jobs' report exactly just saying that despite the fact first obviously loss in seven years for jobs, but that traders taking that in focus, and one saying in fact we are going to see monetary policy the way it was should not altat practice just a secondary trajectory they know because

of hurricanes we see finals to new highs manufacturing activity when we got this week also some great news, there, and big picture the economy earning and everything moving upside every time you got nervous you basically lost out, so the -- upside. maria: thank you so much want to get to jon hilsenrath in a minute i want to say to joanie courtney has all data where jobs are this -- is largely reflecting a decline in restaurant jobs, and slower hiring because of hurricanes in florida and texas. so i ask you where are the jobs. >> where are the jobs? you know the good news in this report even though maybe could have been bigger but construction jobs up 8,000, good producing up 9,000 financial activity up 10,000 professional and business services up 13,000 another thing i want to point out temporary help something we

watch, again that number was up. should a those employers are still fluusing being flexibilit in workforce contract labor temporarys to get work done sectors did create jobs the baby numbers 6.2 million job openings out there where are most jobs customer service jobs over a million jobs right now, nurses over 350,000 jobs. -- engineering, so skilled positions, but there are some other jobs like customer service those are great rolls to get into and those earnings have moved up over the last few years. maria: let's get jon hilsenrath in i know you've got a jump at 45 your final thoughts. >> i am trying to give three quick points first of all, fz texas and florida big parts of u.s. economy matter one in 13

jobs in counties affected by storms not too worried about decline that we saw number two what tends to happen after storms you get a soft number immediately after it, but then they tend to bounce back, and areas like construction, as rebuilding starts so i think we are going to look at october and november for signs of a bounceback, then third i think the really important number in this report is that 2.9% number on wage growth, that is money in people's pockets that is money they are going to spend and that is going to keep this economy going. >> great point see you soon thank you for joining us conversation this morning. >> i agree, of course, everything said u6 number i think important that is to me a better you know, than the official unemployment rate. 8.3 is again that talks of people working part time jobs call that is only thing available those kind of things a realistic number that real people understand more relative of main street then you see the wages going up, as these jobs improve, but that

the u6 lowest point i have seen 6.9 debateswe've got room improvement i love what is happening people starting to believe hitting brakes wages starting to go up a beautiful storm to me. >> a decline in manufacturing jobs, though a slight line to. >> but construction was up though. >> the different circumstances i will give it -- distribution up 9,000 construction up 8,000. you know, it is -- you know you look at the -- i haven't sm manufacturing best since 2003 apocalyptic number higher i feel i feel very, very confident about where we are as a country the economy, more so even than stock market. >> i think charles the market is reading exactly the story you are telling they are adjusting top line number don't care about it looking below the surface see main street jobs coming back, u6 number like that, that is why just not reacting here at all

we are basically where we have been with this economy and so again, the big question becomes from a policy perspective what happens in next two, three months to either accelerate or keep us are we staying sort of at 2, 2 1/2 percent growth level that is what people want to know. dagen: 3% -- [laughter] -- >> have told down. maria: 3.1%. >> let's hope that continues. dagen: we just want one year have not had a calendar year in a decade 3 percent growth in a decade. >> since 2000, some people question whether or not america style capitalism works covers republican and democratic presidents. >> in washington gdp in 1984 was -- 7.3 pers. dagen: i never got to say you said that that that is -- that was tax policy that was economic policy, out of reagan white house also the o that

was beginning of the long term decline in interest rates. and so you had this incredible tailwind in the stock market starting in early 80s, where you had this drop, you had the double-digit interest rate because vocabularyiekl killing inflation if rates go higher a headwind. maria: i ploo i can to point out. >> 7% we have been living in 1 1/2% world so long forgot that we are in fact capable of china like numbers kevin kelly? >> i think you guys are bringing up a good point about interest rates, but behind those interest rates if we go back to reagan era our debt the gdp was significantly lower, we are 20 trillion in debt right now we have over 60 trillion in pending liabilities about to hit the warfare welfare state coming

talking about labor participation rate if you think about asian population a lot of structural things could hamper the growth trying to get 7% number in order to have an economya like numbers we need tax reform where you are going to see whether tax reform is going to come through, is in the russell 2000, because the russell 2000 only started to really pick up steam when we started talking about chang tax policies that 20% red line but that is actually not what is going to impact small businesses what is going to impact small businesses is the pass-through rate of 25%, that is what is really going to dictate a move the economy they have to stay firm on that 25% pass-through rate look at russell 2000, see how that is performing, throughout the rest of the year that will indicate whether this economy is going to continue to grow, as well as tax policies actually happen. >> i think that 25% pass-through rate in my mind

is really one of the most vulnerable aspects of this. >> really. yes, that is the one that democrats are going to say giveaway to the rich fields end up paying that rate if you cut that down much this doesn't benefit mil class only benefits the rich. >> that is -- that argument keep hounding on that. >> vulnerable also because they don't have a lot of political clout. like the big boys do. >> that is true very true. >> both parties. >> don't get rolled over again what i would say more on jobs' report after the short break markets worse ainge bit but showing a decline in about 20, 25 points. back in a minute with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. 's list fidelity. for free. which means everyone has access to our real reviews that we actually verify.

and we can also verify that what goes down, [ splash, toilet flush ] doesn't always come back up. find a great plumber at angie's list. join today for free.

so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.

maria: welcome back september jobs' report just out good news and bad news in this number,economy actually lost jobs in september down 33,000 jobs, that missed expectations, the unemployment rate however went down, to 4.2% the host of "varney & company" stuart varney with thoughts good morning. >> good morning. i'm go to being accentuate the positive first deal with negative minus 33,000 jobs, you know when you slow two giant state economies texas and florida, when you slow them down, for good chunk of the month of september, you

can expect impact on overall jobless numbers in our country down 33,000, that is the negative. now, dig a little i am sure your people have just outlined all the pluses, and there are several, the one hourly average wages up .5%. >> for the month and year-over-year 2.9% much better than expected. >> very, very booed the newborn of people unemployed came down 330,000 back to negative for a second slowing in florida and texas. we had 105,000 fewer jobs loss in food service drinking establishment area no surprise that surely takes down overly numbers is to i am accentuateing positive underlying strength that we are seeing apart from temporary aberration of that headline minus 33,000 jobs. >> i like the way charles said everybody knows there is an

as. >> as t >>. >> see you top of the hour begins top of the hour after "mornings with maria," join stuart, kevin kelly final thoughts in terms of where this market goes, next, we are down 30 points dow jones. >> investors need to focus on rhetoric out of washington and whether the republicans canny unify that will continue great economic numbers we've seen, happen because of the deregulation policies that this administration has pulled through. think about first 3% gdp print seasons great recession because of deregulation next leg of growth is going to be predicated on fiscal policies

more importantly tax policies into near end? does everybody on panel think they will get tax reform done? >> yeah, but -- >> i think so i think so -- >> something the question is what gets done, i have said my concern is not going to be big tax reform could be smaller smaller smaller not the high end and that takes the growth juice out of this, that is my perspective. >> it won't be reform it will be tax cuts if smart to will the reagan playbook hey tax cuts see economic improvement later to american pub bigger wider tax reform. dagen: i am trying not to be negative. >> it is hard to be hopefully about lawmaker. >> unemployment rate 4.2% the number i think every day americans look at. but the lowest it has been since ns 2001 early 2001, but remember what happened in the beginning of 2001, it was -- start of a recession, so again, that is something that

lawmakers need to look. >> what did stephanie toll us there was not economic expansion past nine years only two past nine years we are around nine years right now see if at some point we do see beginning of that, kevin kelly thanks for jinx quick break then final thoughts from all-star panel right here september jobs' report, back in a moment. [vo] the grille is distinctive. but it's usually seen from the rear. the 2018 audi q5 is here. . . life.

intelligent technology can help protect it. the 2018 audi q5 is here. maria: welcome back, final thoughts in all-star panel in the heels of september job's

report, charles payne. >> cosco is going to be 6 bucks, good news, cosco is unveiled the new product. emergency food kit for family for a year. i'm going there tomorrow. stock may rebound. [laughter] >> i can't wait. i want to check that out. >> i think the best part of this job report really is that 575,000 people entered back into the workforce and said they were going to participate, we have additional over 900,000 people working, we still have 6.8 million people unemployed. this time last year we had 7.9. maria: you think it's a good report? >> i do. brian: i think it's going to keep propelling next year. dagen: happy seventh birthday to savannah, mom and dad are

devoted viewers of this program and great patriots. maria: happy birthday. thank you for watching. all right, that'll do it for us. thank you for being here on an important day, we will see you soon, have a great weekend, sunday morning futures, i will see you sunday on the fox channel. stuart: you try this one, we have crossed a land mark, the 5 trillion-dollar landmark. we are talking serious wealth creation. good friday morning, everyone. this is how much the value of american companies have gone up since the election. 5 trillion, 121 billion, $780 million, that's what the trump rally has done for america's wealth, anyone with 401(k), college safing fund, company, union pension, you all benefit. since the election, the dow has gone up what, roughly 25%, that means $10